Kaye/Bassman’s Tim White in Investment News Article, “Merrill Lynch Losing Top Advisors”

FOR IMMEDIATE RELEASE:

Kaye/Bassman’s Tim White in Investment News Article, “Merrill Lynch Losing Top Advisors“

Dallas, Texas, 3/9/2012:Working under a recent mandate not to use certain alternative investments or to sign on new public-pension-fund clients, John Beirne Jr., a 33-year veteran of Merrill Lynch who managed upwards of $2 billion in assets, quit last month to strike out on his own. For a variety of reasons, many top Merrill Lynch financial advisers are coming to the same conclusion. Seven of the 10 largest adviser moves tracked by InvestmentNews over the past three months have involved Bank of America Merrill Lynch advisers